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Eagle House

Office for sale

£1,000,000 10,067 sq ft

Carter Jonas LLP
Contacts

Paul Russell - Carter Jonas LLP

Ben Welch - Carter Jonas LLP

Full address
Joule Rd, Andover SP10 3UX – Andover
Highlights
  • Modern open plan offices
  • Shower facilities on site
Property type
Office for sale
Asking price
£1,000,000
Available space range
10,067 sq ft
Features
Air Conditioning, Raised Floor
Brochure
Download the brochure

Sale details

Sale unit 3627399 Available

10,067 sq ft, £99.33 per sq ft

Unit Sale unit 3627399
Address Joule Rd, Andover, Hampshire, SP10 3UX, GB
Size 10,067 sq ft
Price £1,000,000
Price per unit £99.33 per sq ft
Unit Sale unit 3627399
Address Joule Rd, Andover, Hampshire, SP10 3UX, GB
Size 10,067 sq ft
Price £1,000,000
Price per unit £99.33 per sq ft
Sale type Investment
Tenure Long leasehold
Net income yield 4.4%
Financial type Actual
Financial year 2018
Net operating income £44,000

Sale notes

  • Offers invited in excess of £1,000,000 subject to contract and exclusive of vat which reflects a niy of 4.
  • 4% after purchaser’s costs.
  • The property is held on a long leasehold basis from test valley borough council for a term of 128 years from 14th june 1988 until 14th june 2116 at a current ground rent of £10,000 per annum.
  • The ground rent payable is reviewed annually and is 8% of the rent which the tenant has received (or is deemed to have been entitled to.
  • ).
  • There is circa 98 years unexpired term remaining.
  • The ground floor is let to furlong business services on the residue of a lease due to expire on 2nd december 2020 at a passing rent of £44,000 per annum exclusive.
  • Both leases are contracted outside of the security of tenure provisions of the 1954 l&t act.

Property description

The property comprises a modern, detached, purpose built, two storey office building with communal entrance lobby. The subject comprises the whole of the first floor providing open plan floor space of a good standard of accommodation with perimeter trunking, air conditioning, raised accessed floors, male and female toilets with shower and a lift access. In addition there is a ground floor suite, accessed off the communal hallway most recently used as a server room but which could also provide offices. The building is set within a site of circa 1.05 acres with an excellent provision of parking and landscaped grounds. The building is set within a site of circa 1.05 acres with an excellent provision of parking and landscaped grounds.

Number of storeys
2
Rentable building area
10,067 sq ft
Year built
1988

Attachments

PDF #1 Marketing brochure/flyer Download

This office for sale is located in Andover.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Carter Jonas LLP. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Carter Jonas LLP for full details and further information.